Straightening out alphabet

Published: Sunday, April 4, 2010 at 4:30 a.m.

Last Modified: Friday, April 2, 2010 at 1:54 p.m.

To The Editor: Sunday, March 21, a gentleman wrote a letter indicating he is a registered investment advisor (RIA) with 30 years of experience. It seems that after all those years he would realize that he is not an RIA when in fact the RIA is the LLC which he is the managing member. The writer is an IAR (Investment Advisor Representative) and not an RIA.

Full disclosure is another rule set in place to help prevent investor fraud. Know your client and just as important, know your RIA or IAR.

Thank you for the good information and making the clarification of an account statement. Investors, always remember, "If it looks too good to be true, it probably is".

<p>To The Editor: Sunday, March 21, a gentleman wrote a letter indicating he is a registered investment advisor (RIA) with 30 years of experience. It seems that after all those years he would realize that he is not an RIA when in fact the RIA is the LLC which he is the managing member. The writer is an IAR (Investment Advisor Representative) and not an RIA.</p><p>Full disclosure is another rule set in place to help prevent investor fraud. Know your client and just as important, know your RIA or IAR.</p><p>Thank you for the good information and making the clarification of an account statement. Investors, always remember, "If it looks too good to be true, it probably is". </p><p>Debbi Prince</p><p>Penrose</p>